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France Telecom acquires a majority interest in Jordan Telecom

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Paris, June 30, 2006
France Telecom announced today the signature of an agreement with the Jordanian Government in Amman for the acquisition of 10% plus one share in the capital of Jordan Telecom, for a total of 129 million Jordanian dinars, representing approximately 145 million euros. This acquisition will be made through JITCO, a wholly-owned subsidiary of France Telecom, which has already held a 40% stake in Jordan Telecom since January 2000.
Following this transaction, which is expected to be finalized by the beginning of July 2006, France Telecom will hold a majority interest in Jordan Telecom as well as an option to purchase a further 1% in Jordan Telecom's capital, for a maximum amount of 12,9 million dinars representing approximately 14,5 million euros.
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